AlphaQuest LLC Has $234,000 Position in Pathward Financial, Inc. (NASDAQ:CASH)

AlphaQuest LLC lessened its holdings in Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 72.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,178 shares of the savings and loans company's stock after selling 8,419 shares during the period. AlphaQuest LLC's holdings in Pathward Financial were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CASH. Point72 DIFC Ltd purchased a new stake in Pathward Financial in the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its holdings in shares of Pathward Financial by 302.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 551 shares of the savings and loans company's stock worth $41,000 after acquiring an additional 414 shares in the last quarter. KBC Group NV raised its holdings in shares of Pathward Financial by 45.8% during the fourth quarter. KBC Group NV now owns 1,417 shares of the savings and loans company's stock worth $104,000 after acquiring an additional 445 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Pathward Financial during the third quarter valued at $94,000. Finally, LMR Partners LLP purchased a new position in Pathward Financial in the third quarter valued at about $206,000. Hedge funds and other institutional investors own 92.66% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Piper Sandler decreased their target price on shares of Pathward Financial from $94.00 to $91.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Pathward Financial from $76.00 to $90.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

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Pathward Financial Stock Performance

CASH traded up $1.38 during trading on Wednesday, hitting $73.69. The stock had a trading volume of 146,275 shares, compared to its average volume of 170,866. The firm has a market cap of $1.76 billion, a PE ratio of 10.74 and a beta of 0.69. The company has a 50 day simple moving average of $76.93 and a 200-day simple moving average of $75.03. Pathward Financial, Inc. has a 12 month low of $47.45 and a 12 month high of $86.00. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

Pathward Financial (NASDAQ:CASH - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The savings and loans company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.05. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. The company had revenue of $173.51 million during the quarter, compared to analyst estimates of $173.27 million. During the same period in the previous year, the company earned $1.06 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.05 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. Pathward Financial's dividend payout ratio is 2.92%.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.